Looking for a new home? There's a variety of ways the sale can go down and having a trusted realtor at your side is the best option. Here's a look at few reasons a full time real estate agent is best.
Beware of for sale by owner
On average, about 10 to 20 percent of home sales each year happen without a real estate agent, according to the Minneapolis Area Association of Realtors. While some of these sales go off without a hitch, others are disaster. If you're interested in buying a home that's being sold by the owner, be sure they are willing to work with your real estate agent. Just because the seller doesn't want an agent present, doesn't mean you can't have one working in your best interest. If they aren't willing to work with a realtor, it's a red flag.
You'll let your real estate agent handle the negotiations as usual, but be prepared for a few bumps a long the way. When two real estate agents work together, they know the stakes. If the owner is doing all the negotiating, they might not be versed in the fine art of negotiation or understand the piles of paperwork that come with the transaction. Expect the process take longer if you're buying from an owner.
Part time agent, part time knowledge
Plenty of people are realtors on a part time basis. Some people dabble in real estate as a side business or a way to make a few extra bucks on the side. While these agents are qualified to sell you a home, they may not be the best choice. If they're not in the real estate business full time, it means it's not their main focus. The best realtors are those working in your market day in and day out. A person who dedicates their profession to the industry will have the most knowledge and ability to help you.
Get a full time agent
Having a buyer's agent and a seller's agent is best, according to the National Association of Realtors. You'll want to find a full-time, trusted agent. If you're new to the area, use the Internet to find a reputable company or agent. For example, if you're in Virginia, search for "real estate agent within Charlottesville" to get the best matches.
Be picky. You don't have to work with the first agent you meet. Interview several candidates and ask for references. You’ll want to speak with past and present clients and see how their experiences were. You'll also want to run an Internet search for the realtor’s name and make sure there are no red flags.
You should also review the realtor’s multiple listing service (MLS). This is a list of all the sales the realtor has handled and when they occurred. See if the realtor is selling homes in your price range and has sold homes consistently for the last few years. If there is a gap in a realtor's record, you'll want to know why.If at any point, you find something that makes you raise an eyebrow, it's best to find another realtor. There are plenty to choose from.